Reference no: EM133740432
Question
Use (Inventory Turnover and Order Fulfillment Cycle Time) as metrics to evaluate Ford and Apple's supply chain performance. Suggest improvements to their supply chains' design and operations.
Strategies to Improve Inventory Turnover:
1. Proper forecasting
2. Automation
3. Effective marketing
4. Encourage sale of old stock
5. Efficient restocking
6. Smart pricing strategy
7. Negotiate price rates regularly
8. Encourage your customers to preorder
9. Stock inventory that sells
10. Speed up the shipping
Strategies for Improving Order Cycle Time:
1. Streamline Your Order Processing:
2. Inventory Optimization
3. Efficient Warehouse Management:
4. Route Optimization:
5. Real-Time Tracking:
6. Supplier Collaboration:
7. Continuous Improvement:
8. Invest in Technology:
9. Employee Training:
10. Customer Feedback:
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